Comex Copper & Crude Oil Mid day report: 27th December 2018

Insignia Consultants

New Delhi

Thursday, December 27, 2018

TIME: 2:38 pm IST

COMEX COPPER AND CRUDE OIL MID DAY REPORT

Comex Copper March 2019: Support: $261.00-$264.70 Resistance: $273.60. (a) There can be very sharp two way moves. (b) Small sell off will be there below $264.90. (c) Watch $267. Copper can move $7-$10 either side anytime from $267.50.

Nymex Crude Oil: Support: $44.30-$45.00 Resistance: $46.90. (a) Crude oil needs to trade over $44.50-$45.00 zone to rise 47.70 and $48.70. (b) Small sell off will be there below $44.90. (c) Crash will be there only below $43.90.

Euro/usd: Support: 1.1326 Resistance: 1.1414 (a) A break of 1.1414 will result in 1.1463 and 1.1511. (b) Small sell off will be there below 1.1370. (c) Overall trend is bullish as long ass euro/usd trades over 1.1326.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies.  metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
PLEASE USE A STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time (IST): +5:30 GMT
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